In Dubai, St. Regis Residences Takes Advantage Of The Ongoing Demand For Branded Properties.
Dubai’s super-premium property market is thriving in 2023. As Adventz Group’s ‘St. Regis Residences‘ sold Dh1 billion worth of units in the first hour of launch, with 70% of the 232 units sold. The tower, set for completion in 2025, features branded residences and continues to attract buyers in Dubai. Market data reveals significant gains in residential property sales in the first two months of 2023 compared to 2022.
Based on the information provided, it appears that the real estate market in Dubai is experiencing an increase in sales of luxury homes, including high-end penthouses. One such penthouse on Jumeira Bay Island has reportedly sold for over Dh400 million.
The St. Regis Residences are offering penthouses with a starting price of Dh42 million. Which includes access to a 5-bedroom unit spread over 9,300 square feet. The penthouses also feature a private pool and a terrace with a 360-degree view.
For those looking for more modest accommodations, the starting price for a one-bedroom unit at the St. Regis Residences is Dh2.75 million. Although these are launch prices and are subject to change.